Thanks. There have been so many failures of crypto based companies lately, that I have stopped following it. Apparently SVB and Signature have a lot of exposure to crypto services too. I hope crypto does not become the sub-prime derivative issue of 2008. CNBC has an article with a quote from Frank of the Dodd-Frank Act, who is also a Signature Board member, that says the authorities closed down Signature to send a strong anti-crypto message. https://www.c*n*b*c.com/2023/03/13/signature-bank-third-biggest-bank-failure-in-us-history.html (remove the *s to use the link)
TIE Price at posting:
60.0¢ Sentiment: None Disclosure: Held
